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Thursday 24 October 2013

Sell S&P Futures @ 1744.875- won

Previous signal:
High risk trade:
Sell S&P Futures @ 1744.875 for less than 30 minutes expiration if it stays below (5 minutes preferred)
S&P Futures support @ 1744.875 is broken
Risk: Trading the news can be quite risky as the market becomes volatile

Result: won
S&P Futures expired @ 1743.65 5 minutes later at 9:26am EDT, even further below @ 1742.65 30 minutes later at 10:00am EDT after it tried & failed to break above 1745
(Time shown below is EDT time zone +12 hours)
We mentioned high risk because it was possible for trend to change & break above 1745 when the stock market opened at 9:30am EDT
It almost did but failed


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